Q209 Earnings Release DRAFT Post Audit Committee

NEWS RELEASE RR DONNELLEY REPORTS SECOND-QUARTER 2009 RESULTS Highlights: ► Second-quarter 2009 GAAP net earnings from continuing operations attributable to common shareholders of $25.2 million or $0.12 per diluted share vs. $145.1 million or $0.68 per diluted share in the second quarter of 2008 ► Second-quarter 2009 non-GAAP net earnings attributable to common shareholders of $76.3 million or $0.37 per diluted share compared to $156.4 million or $0.73 per diluted share in the second quarter of 2008 ► Year-to-date cash flow from operations of $851 million, an increase of $478 million from the first six months of 2008 CHICAGO, August 5, 2009 – R.R. Donnelley & Sons Company (NASDAQ:RRD) today reported second-quarter net earnings from continuing operations attributable to common shareholders of $25.2 million or $0.12 per diluted share on net sales of $2.4 billion compared to net earnings from continuing operations attributable to common shareholders of $145.1 million or $0.68 per diluted share on net sales of $2.9 billion in the second quarter of 2008. The second-quarter net earnings from continuing operations attributable to common shareholders included pre-tax charges for restructuring ($40.1 million) and impairment ($8.1 million) totaling $48.2 million as well as acquisition-related expenses of $1.4 million in 2009 and for restructuring ($15.8 million) and impairment ($0.4 million) totaling $16.2 million in 2008. Substantially all of the ...